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's activity report 2022

DANX BALTICS OÜ (hereinafter: the company) 25.09.2014. The sole owner of the company is the Danish business entity DANX GROUP A/S, which is a partner in the logistics sector, providing efficient, fast and reliable delivery within 12 hours. DANX GROUP A/S has a unique and flexibly adapted distribution network from Central Europe to the Northern region and the Baltics.

In March 2022, the merger with Axcel and Carousel companies was completed.

The sales revenue of DANX BALTICS OÜ for the period 01.07.2021-31.12.2022 was 5,428,923 euros and the profit was 229,071 euros (the sales revenue for the period 01.07.2020-30.06.2021 was 2,473,472 euros and the profit was 95,944 euros).

The investments made by the company in previous years in infrastructure provided a stable basis for business development during the period 01.07.2021-31.12.2022.

Growth is expected in the new financial year due to the acquisition of new clients.

Main financial ratios: 01.07.2021-31.12.2022 01.07.2020-30.06.2021

Net profit margin % 4.22 3.88

ROA 18.84 12.53

Solvency ratio 1.46 1.25

Net profit margin = Net profit / sales revenue* 100

ROA (%) = net profit / total assets* 100

Solvency ratio = current assets / short-term liabilities

Currency risk

Transactions between Danx Baltics OÜ and suppliers and customers are generally in euros and Danish kroner. The proportion of purchases and sales reflected in Danish kroner is similar, therefore the currency risk is assessed as low.

Investments

No large-scale investments were made during the reporting year.

The company does not have any ongoing research or development projects.

Due to the uncertain situation arising from the war in Ukraine and the rapid changes associated with it, the management cannot provide a reliable assessment of the impact of the conflict on the company.